NAZARBAYEV DECIDED TO USE THE RESOURCES OF THE NATIONAL FUND

“All these years, we have been depositing the income from the extraction of raw materials and their sale into the National Fund. The time has come to use its reserves”, – Nazarbayev said.

“I charge the Government to allocate the second tranche of funds from the National Fund in the amount of 500 billion tenge”, – Nazarbayev said.

“Today is the very moment when we need to use the reserves of the Fund. Kazakhstan should not repeat mistakes of other countries. The accumulated funds of the country should be redirected to improve the welfare of the country. In these circumstances I charge to allocate additional amount from the National Fund up to $ 3 billion annually, during the period of the years 2015, 2016 and 2017”, – said Nazarbayev.